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401K Explained Simply for Beginners: https://youtu.be/BhTTeIDZtKY
401K vs Roth IRA: https://youtu.be/vF069x27pGY
Bad advice, don't spread it out till close to retirement, 100% S&P 500. But but international funds, no the the US market is exposed to the international market. Over the course of 30 years you won't be the S&P. You're welcome
The only thing I'd say is to stop including the inflation calculation to the annual return %. When you look at your account balance, the balance is reflected by the overall return anyway. 12%. In the last FIFTEEN YEARS, the S&P 500 achieved a total return of approximately 495%, which translates to an average annual return of 12.6%. Millionaires were made in that time span, so if you've been sleeping on the 401k, you're choosing your future reality.
Now, only a small percentage of people in their 20s will actually listen to these messages and apply them. Most will buy a new car, etc, and regret things when they're in their 30s seeing they have nothing saved.
I'm 27 years old and have 150k in my 401k. It builds when you don't look at it for a while.
Only started making decent income at age 40, but I've been saving aggressively since then. Age 42, and now have $20k in my 401k and 100k net worth thanks to company stock. I wish i would have started earlier even with my lousy income.
Buy Bitcoin 50% on average growth from last 10 years…..no other asset will beat it…..bonds are collapsing !!! Everything priced in Bitcoin is getting cheaper……everything priced in dollars are getting more expensive……fiat currencies are collapsing !!!
This is why I love living in Monaco… no need to watch long videos about retirement and taxes.
I got to withdraw a portion of my 401k for an emergency but Im not sure how the penalties if there is any on how it may affect me. Im 25.
I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
Great video. I'm looking to start investing in the stock market and other asset classes with $250k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
Difference between 401k and Roth 401k? Should you care much about Roth 401k?
Becoming a millionaire through a Roth IRA or a 401(k) involves different strategies for maximizing profits. A Roth IRA offers tax-free withdrawals in retirement, which can be advantageous if you expect to be in a higher tax bracket later in life. On the other hand, a 401(k) provides tax-deferred growth and potential employer contributions, boosting your savings. The optimal choice depends on factors like your current and future tax situation, employer match, and investment options. Consulting a financial advisor can help tailor a strategy that aligns with your financial goals and circumstances.
I'm 25, just recently moved to the US, is 15% a good amount to contribute?
today, 2025, if you invested at 20 and 45 years later you retire. the year is 2070, you have 4 mil, adjusted for inflation, you can buy a cardboard box for a home and annual income is 2 mil per year.
Thank you for all your teachings!
I feel like this is just legalized gambling.
One of the issues with most 401k is that you often have three options on your investment strategies: conservative, moderate, or aggressive. And if you go with a managed account you’re at the mercy of the financial firm making the decisions on balancing your investments, often selling and buying at times that just don’t make sense.
Currently 45 would like to retire by 52, but my portfolio is a mess right now.
IRA & 401k grossly underperforming, I’m getting confused, is anyone experiencing same?
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I just started my first job with a 401k, but I’m clueless. How much should I contribute? Are the default funds even good? I don’t want to waste this benefit.
JOHN THANK YOU SO MUCH FOR THESE WEB SITES. I HAVE READ HUNDREDS ON YOU TUBE AND IT IS SO CONFUSING. YOU ARE SRAIGHT UP NO B.S AND I REALLY APPRECIATE THAT I AM 70 YRS OLD AND I BUSTED MY ASS FOR MY MONEY SINCE MY FIRST JOB AT 16. I WAS RAISED ON SAVINGS FIRST AND I WANT TO RETIRE FROM TEACHING AND I NEED THIS HELP SO MUCH. THANK YOU BROTHER
I'm 27 I have 30k in ROTH / traditional 401k
Hands down the best video on 401k! ❤
Saving so much and most will die before being spent so in the end you can’t take it with you and saving for your kids. Enjoy life young. Live with in means. Don’t over extend vacations etc and you’ll be fine. My father saved a ton of money and didn’t do nothing with it other than give to us kids. I’m not doing that same mistake. Saving till your old and can’t enjoy it is not my priority.
This should be a class taught in schools every year from 6th grade on.
Im 13. I started this year.
25 working in Chicago, this man blessed me 😭🙌🏾
I put 16 % a month my job matches up to 8 %
Yes you better
Can you please educate us the mega backdoor Roth step by step?
Always transfer your 401k to an IRA at a brokerage as soon as you are allowed. Even though the 401k industry has protected itself by offering at least a few low cost funds, they are always peddling funds and you will always have fees. The plans available at your workplace 401k are always comprised of funds who paid to be one of your choices.
I retired at 60 with $750K in my 401K and IRA's. My wife and I did just fine in expensive Bergen County, NJ by living within our means. Home was paid off. No car loans. By withdrawing bare minimum, our health insurance costs were almost non-existant due to Affordable Care Act subsidy. SS kicked in at 62. Medicare at 65. Six years later, my IRA balances have grown to $850K and now my wife is turning 60 and her IRA's are now available. Anything is possible if you live within your means.
I’m roughly 20 years away from retirement, started investing late so I’m trying to play catch up. I’m dumping 15-18% solely into VINIX which tracks the s&p. I plan to diversify down the road closer to retirement, do you think I should do that now or is it ok to wait a while longer?
Yes. Start as soon as you can. The chances of being in one job until retirement is slim. So make sure you know how to protect the money you put into your 401k after you leave.
I just retired, but I am uncertain that my 401k and IRA will ensure a stable future. I have $900k set aside, I am seeking an approach that matches my risk tolerance and financial objectives. Please I need advice, should I invest in stocks or real estate ?
I’m in my 40’s starting! It over for me! 😢
So how do I retire early? and thx for the info man.🤙
I believe the retirement crisis will get even worse. Many struggle to save due to low wages rising prices and exorbitant rent. With home ownership becoming unattainable for the middle class American, they may not have a home to retire to either.
Hi, I want to start investing but don’t know where to begin. Any tips or contacts?
If your parents put into a RothIRA of 150/monthly until your 18 then when your 65 you'll have 3 million dollars and some change!
Thank you 🙏 so much sir, that’s the first time I found someone that breaks down this to me to really understand, I called my company, I signed 6% for now in a Roth 401k and 4 % in an IRA
I was so disappointed, I just filled my tax, I paid $ 5,406.90 in federal tax, SSI $ 3,522.45 and Medicare $ 823.80
My tax return is $445 after I paid for filling , that’s crazy 🥹
Should I do target date fund to diversify or manually maintain a diversified portfolio?
I thought we just put into our 401k and with the company match, we just let it sit. But from watching this, it seems like we’re supposed to access the 401k account and do stuff with it?
Great video…. KISS method. Just finding this… good stuff. Sharing,
Do you have a video on back door IRA? For such newly invested folks, but make over the limit for an IRA.
I’ll be 70 years old. I have 401k Roth IRA at work (I’m still working). If I cash out, will it be taxable?